Tiaa Cref Correlations

TLZIX Fund

USD 33.69 0.08 0.24%

The current 90-days correlation between Tiaa Cref Lifecycle and Tiaa Cref Lifecycle Index is 1.0 (i.e., No risk reduction). The correlation of Tiaa Cref is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Tiaa Cref Correlation With Market

Significant diversification

The correlation between Tiaa Cref Lifecycle Index and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifecycle Index and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tiaa Cref Lifecycle Index. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Tiaa Mutual Fund

0.73	TEIHX	Tiaa Cref Equity	Pair Corr
0.62	TEMHX	Tiaa Cref Emerging	Pair Corr
0.68	TEQWX	Tiaa Cref Equity	Pair Corr
0.72	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.72	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.72	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.76	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.76	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.67	THCVX	Tiaa Cref Large	Pair Corr

Related Correlations Analysis

	TLYIX	TLLIX	VSCGX	MQGIX	TLQIX	MVCKX	CBDYX	CLREX	CBALX	PAROX
TLYIX		0.93	0.77	0.54	0.88	0.0	0.09	0.09	0.09	0.93	TLYIX
TLLIX	0.93		0.7	0.42	0.64	0.27	0.39	0.39	0.39	0.98	TLLIX
VSCGX	0.77	0.7		0.41	0.69	0.0	0.06	0.06	0.06	0.7	VSCGX
MQGIX	0.54	0.42	0.41		0.59	-0.45	-0.44	-0.44	-0.44	0.38	MQGIX
TLQIX	0.88	0.64	0.69	0.59		-0.35	-0.31	-0.31	-0.31	0.69	TLQIX
MVCKX	0.0	0.27	0.0	-0.45	-0.35		0.93	0.93	0.93	0.29	MVCKX
CBDYX	0.09	0.39	0.06	-0.44	-0.31	0.93		1.0	1.0	0.37	CBDYX
CLREX	0.09	0.39	0.06	-0.44	-0.31	0.93	1.0		1.0	0.37	CLREX
CBALX	0.09	0.39	0.06	-0.44	-0.31	0.93	1.0	1.0		0.37	CBALX
PAROX	0.93	0.98	0.7	0.38	0.69	0.29	0.37	0.37	0.37		PAROX
	TLYIX	TLLIX	VSCGX	MQGIX	TLQIX	MVCKX	CBDYX	CLREX	CBALX	PAROX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CLREX	+ 1.0	CBDYX
CBALX	+ 1.0	CBDYX
CBALX	+ 1.0	CLREX
PAROX	+ 0.98	TLLIX
TLLIX	+ 0.93	TLYIX
PAROX	+ 0.93	TLYIX

High negative correlations

MVCKX	- 0.45	MQGIX
CBALX	- 0.44	MQGIX
CLREX	- 0.44	MQGIX
CBDYX	- 0.44	MQGIX
MVCKX	- 0.35	TLQIX
CBALX	- 0.31	TLQIX

Risk-Adjusted Indicators

There is a big difference between Tiaa Mutual Fund performing well and Tiaa Cref Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tiaa Cref's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TLYIX	0.43	(0.02)	0.00	(0.34)	0.00	0.00	0.79	(0.95)	4.15
TLLIX	0.54	0.00	(0.07)	0.03	0.89	(0.48)	1.02	(1.33)	3.77
VSCGX	0.30	(0.03)	0.00	(3.24)	0.00	0.00	0.54	(0.50)	3.86
MQGIX	0.65	(0.06)	0.00	(0.26)	0.00	0.00	0.98	(1.16)	6.90
TLQIX	0.39	(0.06)	0.00	(1.83)	0.00	0.00	0.63	(0.71)	6.27
MVCKX	0.72	0.15	0.08	(1.86)	0.65	(0.81)	1.66	(1.21)	7.83
CBDYX	0.45	0.10	0.05	1.33	0.40	(0.50)	0.97	(0.75)	5.12
CLREX	0.44	0.10	0.05	1.30	0.40	(0.50)	0.96	(0.76)	5.21
CBALX	0.45	0.10	0.05	1.30	0.39	(0.50)	0.96	(0.75)	5.22
PAROX	0.58	(0.01)	(0.08)	(0.14)	1.00	(0.51)	1.10	(1.38)	4.61

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